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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (11025)4/14/1999 5:00:00 PM
From: Rui Zhang  Read Replies (1) | Respond to of 99985
 
biz.yahoo.com

Fed may have to review interest rate stance-Meyer

WASHINGTON, April 14 (Reuters) - Federal Reserve Governor Laurence Meyer said on
Wednesday the U.S. central bank may have to review last year's cuts in key interest rates
should the economy refuse to slow down and labor markets tighten further.

Meyer, widely regarded as one of the central bank's most zealous inflation fighters, told an
economic conference the Fed risked unleashing dangerous inflation pressures that could be
difficult to reverse if it left rates at too low a level relative to rising growth and falling
unemployment rates.



To: pater tenebrarum who wrote (11025)4/14/1999 5:40:00 PM
From: TWICK  Read Replies (2) | Respond to of 99985
 
Question is how long this rotation is going to last before the Tech stocks, especially the Internets look attractive again. Don't think too many are going to stay in those boring cyclical stocks while the Internet consolidate and make another run. I know I won't. I'll run with the Inuts anytime, before I fall asleep with boring Gillett and Alcoa. Who long is OPEC going to be able to keep their cheating offenders from dipping in the cookie jar this year. lol !!

The Internet sector is like a drug. They will come back for their fix. ROFL !!

Twick



To: pater tenebrarum who wrote (11025)4/14/1999 6:25:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Janus Twenty was down 3.6%. OTC Prime index was down the same. NFT Multinational index was down about 2.7%. The big caps got hit the worst. I had heard Janus 20 was drawing in 300 million a month.



To: pater tenebrarum who wrote (11025)4/14/1999 6:44:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
PUT/CALL-ratios for today

CBOE total: 0,62
individual equities: 0,39
OEX: 2,19 (!)
VIX: 27,43

i was hoping that speculation in ind.equity calls would be a bit more restrained today, alas i did not get my wish. call volume expanded by 49,127 to 668,411 contracts and put volume was higher by 21,124 to 258,634 contracts,so the slightly improved ratio doesn't really tell the story. the OEX ratio of 2,19 is about as extreme as it gets. OEX call volume shrank by 9,466 to 54,850 contracts and put volume increased by 28,446 to 119,860 contracts. what's even more astounding is the fact that front-month calls saw heavy liquidation, while open interest on front-month puts actually increased markedly in some strikes. if not for that measly other ratio,i'd call this wildly bullish. the increase in the VIX is once again due to expansion in put premiums.

hb